In my mind, one of the most intriguing investment plays in the Middle East is the ‘Phygital’ space, representing the confluence of blockchain technology with physical assets. This convergence has the potential to revolutionize industries such as real estate, art, and luxury goods—three sectors that are already booming across MENA. Blockchain’s immutable ledger and smart contract functionality provide a powerful framework for creating transparent and secure systems for managing and trading physical assets. For instance, tokenizing real estate on blockchain platforms allows for fractional ownership, making it easier for investors to buy and sell shares in high-value properties. In a region where real estate investment is a major driver of wealth, particularly in countries like the UAE and Saudi Arabia, this is opening up a world of opportunities for smaller investors who may not have had access to such high-value assets previously.
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The launch of the fund will allow investors to gain access to the growing MakerDAO ecosystem while avoiding the risks inherent in the industry. This is a closed-end fund, unlike, for example, GBTC or ETHE, which are traded on exchanges. It is impossible to withdraw assets from it directly, as was the case with the Grayscale Bitcoin Trust before its conversion to a spot ETF. The product is available only to accredited investors of the company. Its structure is consistent with other funds with a single provider asset. These include Grayscale Sui Trust. Recall that against the backdrop of the launch of this fund, the underlying asset rate rose by 85%. Maker (MKR) responded to the news with confident growth. On the daily chart, the price jump exceeds 5%. At the time of writing, the asset is trading above $2.1:
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In a recent interview, Presidential candidate Robert F. Kennedy Jr. suggested that the federal government should acquire enough Bitcoin to match the value of the nation’s gold reserves. This comes as speculation mounts about President Donald Trump's intentions to establish a U.S. Bitcoin reserve. Kennedy, an independent candidate, shared his vision during a conversation with Custodia Bank CEO Caitlin Long, hosted by YouTuber Scott Melker. He emphasized the integrity of Bitcoin as a currency, noting its decentralized nature and transparency. "Bitcoin is an honest currency," Kennedy stated. "It's based on proof of work, everything is on the ledger, and that’s what we need to do with democracy." The U.S. government currently holds 8,134 tons of gold, valued at approximately $615 billion. To match this value in Bitcoin, the government would need to procure around 9.4 million BTC at current prices, which represents nearly 45% of the total Bitcoin supply.
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